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This digital document is an article from National Tax Journal, published by National Tax Association on December 1, 1994. The length of the article is 5832 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.From the author: Taxation and risk taking are examined in a general equilibrium model that incorporates uncertain government revenue and allows the government to influence risk through portfolio investments as well as through tax policy. It is demonstrated that each of a wide range of taxes can be decomposed into some combination of a wage tax, an ex ante wealth tax, and a modification of the government's investment portfolio. For example, with an adjustment in the government's portfolio, an income tax is equivalent to a wage tax plus an ex ante wealth tax (or, alternatively, a tax on riskless return)--taxes that absorb no investment risk and yield certain revenue.Citation DetailsTitle: Taxation and risk taking: a general equilibrium perspective.Author: Louis KaplowPublication: National Tax Journal (Refereed)Date: December 1, 1994Publisher: National Tax AssociationVolume: 47 Issue: n4 Page: 789-798Distributed by Thomson GaleRead More